Unitree STAR Market IPO Oversubscribed 8,288x, Raising $9B Valuation

Unitree Robotics sets STAR Market record with 8,288x oversubscription and $9B valuation. The firm unveiled the 'Superman' robot, claiming a top speed of 12.66 m/s.

Woofun AI reports that Unitree Robotics listed on the STAR Market with an IPO price of 150.8 yuan, raising approximately 6.1 billion yuan, which is 45% above the initial plan. The retail subscription multiple reached 8,288 times, establishing a new record for the exchange. The company achieved a valuation of nearly 9 billion US dollars.

Unitree also introduced its humanoid robot "Superman", stating it can reach a top speed of 12.66 meters per second, exceeding Usain Bolt's 2009 world record. The firm projects 2025 revenue of 1.7 billion yuan and net profit of 591 million yuan, resulting in a P/E ratio exceeding 100 times.